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The U.S. intensified strikes against Iran, hitting an oil tanker near the country's main export terminal.
Iran responded to U.S. strikes by firing at American bases in Kuwait and Jordan.
President Trump is reportedly leaning toward expanding U.S. military operations in Iran and held a meeting to discuss the seizure of Karg Island.
Recent U.S. strikes hitting an Iranian oil tanker suggest the Trump administration may be willing to target civilian and energy infrastructure, not just military targets.
Despite the U.S. bombing campaign, Iran has demonstrated it can effectively lock up the Strait of Hormuz and prevent shipping traffic with relatively few resources.
Israel is continuing its war in Lebanon and maintaining a covert campaign to eliminate Iranian nuclear scientists.
Bank of America opened a credit line of over half a billion dollars to OpenAI ahead of its expected IPO.
Jamie Dimon has identified several shifting risks to the global economy, including geopolitical tensions, sticky inflation, large global fiscal deficits, and elevated asset prices.
Eli Lilly has spent over $20 billion on M&A this year.
The U.S. government has opened Medicare coverage for weight loss drugs, which is expected to significantly boost demand.
Compass Pathways is expected to be the first company in the psychedelic medicine space to get FDA approval for its treatment.
JPMorgan Chase reported its highest quarterly profit ever, driven by a $6 billion stock trading haul.